Insights

Tax, Audit & Accounts

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April 15, 2010

Taxman gets tougher…..


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A story reported recently in the national press is a clear example of the new tough line HM Revenue & Customs are adopting. A self-employed individual without an accountant calculated

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April 7, 2010

Stop Press on Furnished Holiday Lets!


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As you are probably aware, Labour planned to scrap the beneficial treatment of furnished holiday lets (“FHL”) from 6 April 2010.  Under the existing rules, FHL were treated as a

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February 3, 2010

HMRC penalties – Disproportionate?


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A recent VAT Tribunal case Enersys Holdings UK Ltd has highlighted the potential to revisit penalties charged by HMRC where the penalty is disproportionate to the error made. In this

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January 28, 2010

Offshore planning


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I am sometimes amazed where people get their advice from.  I was at a seminar this week and was told, over coffee, by one of the businessmen there that he

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December 15, 2009

Ho-Ho-Ho


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With Christmas nearly upon us, I thought it would interest readers to know some of the tax rules that surround some Christmas traditions at work. Firstly, the Christmas party: Ordinarily,

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November 25, 2009

Unusual Taxes – Part 2


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As a follow up to my earlier blog, here are some more unusual taxes from the past and more tax planning, which shows that no matter how crafty the Taxman, those

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November 13, 2009

Unusual Taxes


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It’s not just this Government that is always looking for new things to tax. Throughout history, the Taxman has sought new ways to get money…and the diligent tax planner has

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October 26, 2009

The (tax) Inspector Calls…


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HMRC have had a good run of late. 300 banks have been ordered by the tax tribunal to disclose details of offshore accounts held by their UK resident clients. Last

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September 28, 2009

Tax Avoidance – The new morality


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Even the Politician’s have given up any thought of defending their expenses and whenever challenged seem to resign (agree not to stand again!) and adopt a stony silence. The picture

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September 23, 2009

“Taxpayers Charter”


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In the mid 1980’s when I was first setting out in the profession there was a “tax payer charter” and it had some teeth. The charter set out the purposes

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September 22, 2009

Oh What a Wicked Web We Weave…


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Entertaining though it was, I suspect that, as ever, Panorama’s exposé of the shady goings on at Lloyds TSB’s offshore arm in Jersey generated more heat than light. Having spent

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August 20, 2009

What serious client crisis???


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A team member came up to me today and asked if I knew anything about the “serious client crisis”. My natural reaction was one of great concern, yet quiet confidence

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